ARKK vs GSAT: Correlation
How closely do ARK Innovation ETF (ARKK) and Globalstar, Inc. (GSAT) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and GSAT?
On 3 years of weekly data the ARKK/GSAT correlation comes out at 0.40, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.40 over 3 years. The 5-year figure is 0.41, and annualized covariance runs at 1011.0 %².
By 3-year correlation, GSAT places #104 of the 122 assets tracked against ARKK. Their recent paths diverged sharply: over the last 12 months GSAT outperformed by 175.3 percentage points (+15.7% for ARKK against +191.0% for GSAT). Note the risk asymmetry: GSAT runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ARKK vs GSAT: side by side
| ARKK (ARK Innovation ETF) | GSAT (Globalstar, Inc.) | |
|---|---|---|
| 1-year return | +15.7% | +191.0% |
| 5-year return | -27.7% | +132.8% |
| Volatility (ann.) | 38.8% | 65.0% |
| Beta vs S&P 500 | 2.07 | 1.38 |
| Max drawdown (3Y) | -39.6% | -50.7% |
| Market cap | – | $10.6B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | GSAT |
|---|---|---|
| 2022 | -67.0% | +14.7% |
| 2023 | +69.0% | +45.9% |
| 2024 | +8.4% | +6.7% |
| 2025 | +35.5% | +96.6% |
| 2026 | +13.6% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and GSAT good diversifiers for each other?
Reasonably. At 0.40, ARKK and GSAT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARKK and GSAT?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.29 over the last year and 0.41 over 5 years.
Is GSAT a good diversifier for ARKK?
Reasonably. At 0.40, ARKK and GSAT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arkk-vs-gsat.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkk-vs-gsat/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARKK correlations · GSAT correlations
